SEARCH YOUR ESSAY

Tuesday, August 8, 2023

Nowadays many people are trying to earn more and more to get rich. What are the advantages and disadvantages of being rich?

 Nowadays many people are trying to earn more and more to get rich. What are the advantages and disadvantages of being rich?   

    

Nowadays many people are trying to earn more and more to get rich

Benefits - upsides -pros 

  • One can afford a comfortable life to self and their families 

  • One can lay all the luxuries at the disposal of their kin 

  • One can plan for future well 

  • One can also prepare for emergencies

  • Visibility in society and one enjoys a clout even in government 


Detriment 

  • Stressful 

    • One is susceptible to crimes like robberies, kidnapping for ransom

    • Tax raids 

    • One is engaged in an eternal race to sustain their status 

    • They become victims of disdain / criticism also since they might be inflicted of depression due to this   

  • One becomes arrogant  

  • One becomes greedy and starts chasing affluence 

Wealth has always enticed humans, making them crave to get the biggest bite of the apple of Adam; everyone is prepared to step out of their comfort zones to attain prosperity.  However, riches never arrive alone, for they bring along favors and detriments as companions, making it imperative to weigh both.    

On the effulgent side, deep pockets afford a feeling of self-sufficiency as it becomes possible to lay every imaginable facility and amenity at the disposal of family and self, one does not have to struggle to make both ends meet. Similarly, prosperity also affords a lavish lifestyle, letting one enjoy the exploits of their financial abilities procuring swanky cars, luxurious mansions, going on expensive and exotic vacations, something that others can only imagine in their dreams. 

Similarly, the wealthy are emancipated of worries about dealing with exigencies of disparate variety such as medical or other, by virtue of having enough savings by their side. In a similar manner, their tomorrow is as assured as today as they can invest into quality education of their offspring, aiding the latter in carving a bright  future, and also securing twilight years by putting money into secure investments. 

However, the thorny bushes also greet the elite in abundance since vulnerability to the criminals for extortions, ransoms, tax complications - often unleashed on them by insidious taxation laws - can predispose them to sleepless nights and inflict them with afflictions such as depression in extreme cases. Additionally, pressure to sustain the status is overwhelming, making chasing an endless mirage  imperative. 

Overall, despite fortune yielding desirable outcomes, one must be prepared to taste the sour fruit too lying embedded deep in the box. Thus, it is extremely essential to practice judiciousness suggested in annals, to enjoy riches and surmount shortcomings efficiently.     


In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or nega...